Visa faces expanded debit card probe from Federal Trade Commission: Report - San Francisco Business Times

, widening a probe that's looking at whether the San Francisco company and fellow card giant Mastercard are putting up roadblocks to keep rival payments networks from processing debit card transactions.

The token is provided by the company whose name is on the card, so it’s most often Visa or Mastercard. If the token can only be understood and correctly linked to a card by the company that provided it, it means the payment moves most seamlessly over that company’s network. Critics of the companies say that entrenches the duo's dominant position over smaller, rival payment networks and restricts merchants from sending payments over other networks.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Kidder Mathews names David Nelson to oversee Northern California offices - San Francisco Business TimesThe new executive has served in Bay Area real estate for 18 years.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »

Nektar, PureTech Health pull plug on merger talks - San Francisco Business TimesNektar cut about 500 jobs and decided to sublease 200,000 square feet in San Francisco after a promising cancer drug failed clinical trials earlier this year.
Herkunft: SFBusinessTimes - 🏆 78. / 68 Weiterlesen »